Mcgrath Rentcorp (MGRC)
NASDAQ:MGRC
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.47Last Year’s EPS
1.46Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call reported modest company‑level revenue growth (+2%) and highlighted a strong quarter at TRS, positive pricing momentum at Mobile Modular, and deliberate capital deployment for growth (capex increase, acquisition, and share repurchases). However, those positives were offset by near‑term margin pressures (adjusted EBITDA down 1%), significant weakness at Enviroplex (sales down 51% and an EBITDA loss), compressed margins in portable storage, lower operating cash flow, and utilization declines driven by elevated returns. Management maintained full‑year guidance and emphasized balance sheet strength and vigilance on macro/geopolitical risks (Middle East conflict, higher energy costs). Overall, the results and commentary present a balanced picture of operational progress and notable headwinds.Company Guidance
Total Company Revenue Growth
Total revenues increased 2% year-over-year to $199 million for Q1 2026, with rental revenue growth across all divisions.
TRS (RenTelco) Outstanding Performance
TRS revenues rose 11% to $39 million and adjusted EBITDA increased 16% to $21 million; rental revenues were up 13% to $29 million, rental margins improved to 45% from 40%, and utilization rose to 66.1% from 61.6% (highest Q1 level since 2021).
Mobile Modular Rental Growth and Pricing Tailwind
Mobile Modular total revenues increased 2% to $134 million; rental revenues grew 4%. Monthly revenue per unit on rent rose 7% to $889 and the 12‑month new‑shipment average monthly revenue per unit rose 1% to $1,208, indicating positive pricing dynamics.
Expansion of Services Revenue
Mobile Modular Plus revenues increased to $10.3 million from $8.6 million and site‑related services rose to $5.3 million from $4.1 million, showing solid growth in higher‑value services that support bookings and cross‑sell opportunities.
Portable Storage Revenue Increase
Portable storage total revenues increased 3% to $22 million and rental revenues were up 1% to $16.3 million despite a challenging competitive environment.
Capital Deployment for Growth and Shareholder Returns
Rental equipment purchases increased to $45 million (vs. $12 million prior year) to fund geographic expansion and TRS demand. The company paid $12 million in dividends and completed $12 million in share repurchases (repurchases active in March; >1.8M shares remaining authorization).
Strong Balance Sheet and Lower Interest Cost
Net borrowings were $546 million with funded debt to LTM adjusted EBITDA at ~1.51x; interest expense declined $1.7 million to $6.5 million quarter-over-quarter due to lower average debt and rates.
Guidance Maintained
Full‑year guidance remained unchanged: total revenue $945M–$995M, adjusted EBITDA $360M–$378M, and gross rental equipment capex $180M–$200M — indicating management confidence in execution for 2026.
MGRC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MGRC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $118.80 | $110.55 | -6.94% |
Feb 25, 2026 | $115.19 | $114.44 | -0.66% |
Oct 23, 2025 | $119.34 | $113.51 | -4.89% |
Jul 24, 2025 | $114.48 | $122.92 | +7.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Mcgrath Rentcorp (MGRC) report earnings?
Mcgrath Rentcorp (MGRC) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Mcgrath Rentcorp (MGRC) earnings time?
Mcgrath Rentcorp (MGRC) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MGRC EPS forecast?
MGRC EPS forecast for the fiscal quarter 2026 (Q2) is 1.47.